NMDCThere are multiple patterns visible here and it seems a breakout is being prepared considering all the patterns.
I see a large triangle formation breakout inside which a Wolfe Wave was already working and some of you know how much I love the Wolfe Wave.
Further the price action has taken supports multiple time from the same trend line.
NMDC
NMDC by KRS Charts 24th September 2024 / 10:30 AM
Why NMDC ❓
1. Today Gap-up and Strong Green candle with Good Volume and with Higher Low.
2. In 1M, it's a retest for Accumulation on resistance it broke before.
3. Conclusion in series for Easy Understanding,
⚡ First Accumulations > Breakout > Retest > HL > Today's Breakout ⚡
Targets are in the Charts many more Upside but after current Targets achieved 👍
SL is 190 Rs.
NMDC - The Fifth Can be Juicer then ThirdNMDC is very similar in chart structure with PNB only difference is NMDC has broken out of falling channel of wave 4 & has given confirmation of wave 5 which can head towards 360-390 levels.
NMDC is a good chart to study patterns (Not shown in this chart) but if you look carefully can spot 2 inverted H&S from where pattern has also played very well classical text book pattern & playing as per book is something which makes you conviction in charts very strong.
NMDC is trading near prev support zone Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
NMDC If continues to holds the prev week support level,
recovery towards 270 could be possible.
However in case of Bearish pattern at higher level, it may come back to prev week's range
Important downside support is around 245 zone
whereas upside hurdle is aroud 270 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
NMDC - Ichimoku Breakout📈 Stock Name - NMDC Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 270.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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NMDC BREAKOUT AFTER 12 YEARS ?cmp 147
1) RESITANCE RANGE FROM 12 YEARS -- 140-------160
2) Formation of Inverted H&S pattern is longer as well as smaller time frame.
3) Breakout Candidate
we can buy it in cash for minimum 50% target
TARGETS 155 / 160
{weekly closing above 160 will be considered as breakout}
For-- 180 / 200 / 220 / 240 / 260 / 280 / 300
CBSL 110
Just Buy and Forget.........
Regards...
Keshav..
01/10/2023
Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
TREND CHANGED IN NMDC - FROM BUYING ON DIPS TO SELL ON RISE ?NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
This PSU stock has given great returns to investors as well as traders in last one year.
Although there exists so many positive talks about NMDC's volume growth, sales growth & capacity enhancement etc. which are fundamentally good but I think trend is changed in NMDC.
This stock was buy on dips since May-June 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise.
I will find opportunity to sell it on each rise until it breaks 235-240 level.
So, Is it still buy on dips or has become sell on rise?
Only time will tell!
P.S. : This stock is on my main watchlist for a short trade.
Crossover Trade - NMDC📊 Script: NMDC
📊 Sector: Mining & Mineral products
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Script is trading near middle band of BB.
📈 Already Crossover in MACD.
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 57.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 224
🟢 Target 🎯🏆 - 243
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
NMDC Swing/Positional NMDC Ltd. Prediction for Swing/ Posional Trading
Structure break at 135 and properly retested. Y ou can enter into trade above Entry 1 level (150) daily close basis or Entry 2 or Entry 3 or CMP according to intraday level. 150-164 is the bearish zone for NMDC, be cautious at this zone.
Again 143,138,135,131,125 levels can be retest.
Sls-For mid swing trade 130 or according to you RRR.
Targets- (154,156,164),173,182,192,200,211,221,230,…. (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About NMDC Ltd. –
NMDC Limited is an India-based producer of iron ore. The Company is involved in the exploration of a range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands amongst others. The Company's segments include Iron Ore, and Pellet, Other Minerals & Services. The Company owns and operates mechanized iron ore mines in Chhattisgarh and Karnataka. The Company also operates a mechanized diamond mine at Panna, Madhya Pradesh. The Company is producing over 40 million tons per annum (MTPA) of iron ore from its iron producing units, such as Bailadila Sector in Chhattisgarh and Donimalai in Bellary-Hospet region in Karnataka. The Company’s subsidiaries include Legacy Iron Ore Limited, J & K Mineral Development Corporation Limited, NMDC Power Limited, Karnataka Vijaynagar Steel Limited, Jharkhand Kolhan Steel Limited, NMDC SARL, and NMDC CSR Foundation, among others.
NMDC Ltd. engages in the exploration of minerals. It operates through the following segments: Iron Ore, Pellets, Other Minerals & Services, and Other Reconcilliation Items. The company was founded on November 15, 1958 and is headquartered in Hyderabad, India.
NMDC Trade ideaThis post is only for educational purpose, please take any trade at your own risk.
NMDC next fibo target is 280 which will get active above 248, below 235 it can see some profit booking. Today it made hammer so a close above 248 tomorrow will activate the long run, targets can be 255, 266, 277.
NMDC STEEL - Swing Trade - 21st January #stocksNMDC STEEL (1W TF) - Swing Trade Analysis given on 21st Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #NMDC
Promising long setup in NMDCA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:NMDC
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.